UL Solutions Inc. (NYSE:ULS) Receives $51.45 Consensus Price Target from Analysts

UL Solutions Inc. (NYSE:ULS) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $51.45.

ULS has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their price target on UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st.

UL Solutions Stock Up 0.4 %

Shares of NYSE ULS opened at $53.72 on Tuesday. The firm has a market cap of $10.75 billion and a price-to-earnings ratio of 33.16. The company’s 50-day simple moving average is $53.40 and its 200-day simple moving average is $51.91. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions has a 52-week low of $33.15 and a 52-week high of $59.23.

UL Solutions (NYSE:ULS) last announced its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. Equities analysts predict that UL Solutions will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. UL Solutions’s dividend payout ratio is 32.10%.

Insiders Place Their Bets

In other news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This trade represents a 17.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of UL Solutions

A number of large investors have recently made changes to their positions in the company. Northwest & Ethical Investments L.P. grew its holdings in UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after acquiring an additional 400 shares in the last quarter. Stifel Financial Corp grew its stake in shares of UL Solutions by 1.6% during the third quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock worth $1,504,000 after purchasing an additional 485 shares in the last quarter. Stone House Investment Management LLC purchased a new position in UL Solutions in the third quarter valued at $25,000. PNC Financial Services Group Inc. raised its stake in UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after buying an additional 582 shares in the last quarter. Finally, Quarry LP purchased a new stake in UL Solutions during the fourth quarter worth approximately $32,000.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.